KRS Capital Management LLC Grows Stock Position in Zscaler, Inc. (NASDAQ:ZS)

KRS Capital Management LLC increased its holdings in Zscaler, Inc. (NASDAQ:ZS) by 1.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,261 shares of the company’s stock after acquiring an additional 60 shares during the period. KRS Capital Management LLC’s holdings in Zscaler were worth $588,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fred Alger Management LLC boosted its position in Zscaler by 1,151.0% in the 3rd quarter. Fred Alger Management LLC now owns 10,371 shares of the company’s stock valued at $1,773,000 after buying an additional 9,542 shares during the period. DekaBank Deutsche Girozentrale grew its position in Zscaler by 7.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 221,212 shares of the company’s stock worth $37,495,000 after purchasing an additional 14,701 shares during the last quarter. Creative Planning increased its stake in Zscaler by 7.6% in the third quarter. Creative Planning now owns 148,534 shares of the company’s stock valued at $25,390,000 after purchasing an additional 10,551 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of Zscaler by 11.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 380,463 shares of the company’s stock worth $65,036,000 after buying an additional 37,801 shares during the period. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Zscaler in the 2nd quarter valued at approximately $25,287,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Stock Up 0.0 %

Zscaler stock traded up $0.03 during mid-day trading on Friday, hitting $187.58. 1,303,200 shares of the company’s stock traded hands, compared to its average volume of 1,444,462. The firm has a 50 day moving average price of $196.44 and a 200 day moving average price of $188.12. The company has a market cap of $28.78 billion, a PE ratio of -750.32 and a beta of 0.87. Zscaler, Inc. has a one year low of $153.45 and a one year high of $259.61.

Zscaler (NASDAQ:ZS) last released its earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. The business had revenue of $628.00 million for the quarter, compared to the consensus estimate of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The business’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.18) EPS. On average, analysts expect that Zscaler, Inc. will post -0.16 earnings per share for the current fiscal year.

Insider Activity at Zscaler

In other Zscaler news, insider Syam Nair sold 3,682 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $737,578.24. Following the completion of the sale, the insider now directly owns 142,866 shares of the company’s stock, valued at $28,618,917.12. This represents a 2.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $573,516.16. Following the transaction, the chief executive officer now directly owns 358,569 shares of the company’s stock, valued at $71,828,542.08. The trade was a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,248 shares of company stock worth $2,052,879. 18.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Canaccord Genuity Group upped their price target on shares of Zscaler from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. KeyCorp raised their price target on Zscaler from $245.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada restated an “outperform” rating and set a $230.00 target price on shares of Zscaler in a report on Tuesday, December 3rd. Scotiabank upped their price target on shares of Zscaler from $195.00 to $205.00 and gave the company a “sector outperform” rating in a report on Tuesday, December 3rd. Finally, Barclays raised their price objective on shares of Zscaler from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Eleven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, Zscaler presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.84.

Zscaler Profile

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.